Civic Intelligence

Service Year Exchange Inc.

990 • Fiscal year 2015 • EIN 47-4970343

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 15, 2016

1100 17th Street NW No 1200Washington, DC 20036

(202) 864-5513

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

35th percentile

0.01x

Higher debt load relative to assets than 35% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

34th percentile

0.01x

Higher debt load relative to revenue than 34% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

99th percentile

99%

Higher net margin than 99% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

99th percentile

$450,528

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 52.4% of source-year revenue.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Assets

$858,951

No earlier filing loaded for comparison.

Net Assets

$851,854

No earlier filing loaded for comparison.

Liabilities

$7,097

No earlier filing loaded for comparison.

Revenue

$859,092

No earlier filing loaded for comparison.

Expenses

$7,238

No earlier filing loaded for comparison.

Net Income

$851,854

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2015: $858,951Liabilities 2015: $7,097Net Assets 2015: $851,8542015Assets 2016: $12,450,999Liabilities 2016: $544,247Net Assets 2016: $11,906,7522016Assets 2017: $9,618,076Liabilities 2017: $706,737Net Assets 2017: $8,911,3392017Assets 2018: $8,250,882Liabilities 2018: $556,838Net Assets 2018: $7,694,0442018Assets 2019: $1,671,085Liabilities 2019: $973,459Net Assets 2019: $697,6262019Assets 2020: $3,880,655Liabilities 2020: $473,152Net Assets 2020: $3,407,5032020Assets 2021: $7,358,910Liabilities 2021: $502,827Net Assets 2021: $6,856,0832021Assets 2022: $5,182,598Liabilities 2022: $940,404Net Assets 2022: $4,242,1942022Assets 2023: $4,619,163Liabilities 2023: $521,350Net Assets 2023: $4,097,8132023Assets 2024: $2,352,313Liabilities 2024: $172,379Net Assets 2024: $2,179,9342024

Highlighted filing

2015

Assets$858,951
Liabilities$7,097
Net Assets$851,854

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MRevenue 2015: $859,092Expenses 2015: $7,238Net Income 2015: $851,8542015Revenue 2016: $15,756,800Expenses 2016: $6,671,293Net Income 2016: $9,085,5072016Revenue 2017: $5,464,213Expenses 2017: $8,459,626Net Income 2017: -$2,995,4132017Revenue 2018: $6,846,156Expenses 2018: $8,078,451Net Income 2018: -$1,232,2952018Revenue 2019: $2,209,852Expenses 2019: $5,016,980Net Income 2019: -$2,807,1282019Revenue 2020: $6,244,091Expenses 2020: $3,527,214Net Income 2020: $2,716,8772020Revenue 2021: $7,347,919Expenses 2021: $3,899,694Net Income 2021: $3,448,2252021Revenue 2022: $1,315,723Expenses 2022: $3,802,049Net Income 2022: -$2,486,3262022Revenue 2023: $3,627,198Expenses 2023: $3,436,294Net Income 2023: $190,9042023Revenue 2024: $911,020Expenses 2024: $2,880,869Net Income 2024: -$1,969,8492024

Highlighted filing

2015

Revenue$859,092
Expenses$7,238
Net Income$851,854
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 15, 2016
Return Version
2015v2.1
Gross Receipts
$859,092
Mission and Program Overview

Mission

Service year alliance is an organization relentlessly pursuing a bold vision making a year of service a common expectation and opportunity for all young americans as a way to tackle important challenges while transforming their own lives.

SEE PART III, LINE 1.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$433,951-
Accounts Receivable-$425,000-
Total Assets$0$858,951▲ $858,951
Liabilities
Accounts Payable and Accrued Expenses-$7,097-
Total Liabilities$0$7,097▲ $7,097
Net Assets / Fund Balance
Unrestricted Net Assets-$851,854-
Total Net Assets Fund Balance$0$851,854▲ $851,854
Total Liabilities and Net Assets / Fund Balance$0$858,951▲ $858,951
Compensation and Service Providers

Employees

NameTitleOtherTotal
Namita KhasatTreasurer (began 10/15)$85,841$85,841
John BridgelandVice Chairman$13,000$13,000

Board Members and Trustees

NameTitle
General Stanley McchrystalChairman (began 10/15)
Michael WeiserChairman (through 10/15)
Alan KhazeiVice Chairman
Eliott GersonMember
Robert GordonMember
Deb JospinSecretary (began 10/15)
Gail Leftwich KitchSecretary (through 10/15)
Ag NewmyerTreasurer (through 10/15)
Revenue and Support

Revenue Composition

Contributions and Grants
$859,092
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$859,092
Change in Net Assets
$851,854
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,512
Other Expenses$1,726
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,000--$5,000
Other Expenses$1,585--$1,585
Payroll Taxes$512--$512
Office Expenses$141--$141
Total Functional Expenses$7,238$0$0$7,238
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Alan khazei and robert gordon have a business relationship: alan khazei is the founder and ceo of be the change inc and robert gordon is the president of be the change inc. Eliott gerson and namita khasat have a business relationship: eliott gerson is the executive vice president of policy and public programs, international programs at the aspen institute and namita khasat is the executive vice president: finance and administration, at the aspen institute.

Form 990, Part VI, Section A, Line 8B

The organization does not have any committees at this time.

Form 990, Part VI, Section B, Line 11

The form 990 was prepared by outside accountants and was reviewed by management and the finance committee of the board. It was then shared with the full board of directors before it was filed with the irs.

Form 990, Part VI, Section B, Line 12C

Each year each director and officer files a statement with the board of directors that lists: (a) any outside employment or consulting work that could constitute a conflict; and (b) any board membership or affiliation with other organizations that could constitute a conflict. Each director and officer must also list his or her investments in any corporation, partnership, trust, or fund in which he or she, together with members of his or her family, has directly or indirectly a greater than 35% ownership interest, regardless of whether the investments could constitute a conflict. All material facts concerning any situation that might be viewed as a conflict should be disclosed to the board of directors by the director or officer concerned. Where doubt exists regarding whether a conflict exists or appears to exist, the matter must be resolved by the board of directors. No director or officer may be present for a vote by the board of directors on any decision or action by the corporation which would directly or indirectly benefit directors or officers. The director or officer may, however, answer questions or respond to requests, at a meeting or otherwise, for factual information needed for the board to make an informed decision. The board of directors does not approve any transaction to which the corporation would be a party and in which a director or officer of the corporation has a material financial interest unless and until the board of directors has specifically and in good faith determined after reasonable investigation (including a review of the terms upon which other comparable organizations enter transactions or arrangements similar to the one under consideration) that: a. The board is aware of all material facts concerning the transaction and the director or officer's interest in the transaction; b. The corporation is entering into the transaction for its own benefit; c. The transaction is fair and reasonable as to the corporation; and d. The corporation could not have obtained a more advantageous arrangement with reasonable effort under the circumstances.

Form 990, Part VI, Section B, Line 15

The organization did not have a ceo or executive director in 2015. Therefore, the day to day activities of the organization were run by a non-compensated board.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Service Year Exchange Inc
EIN
47-4970343
Phone
2028645513
Address
1100 17TH STREET NW NO 1200, WASHINGTON, DC 20036

Signing Officer

Name
Shirley Sagawa
Title
President and CEO
Phone
2028645513
Signed
2016-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shirley Sagawa
Formed
2015
Legal Domicile
Dc
Voting Board Members
7
Independent Board Members
7
Employees
1
Volunteers
7

Preparer

Firm
Gelman Rosenberg & Freedman
Address
4550 MONTGOMERY AVE SUITE 650N, BETHESDA, MD 20814-2930
Phone
3019519090
Supplemental Narrative

Additional Explanations

FORM 990, PART I, GENERAL INFORMATION:

Service year exchange was incorporated in august of 2015. The board of directors was initially comprised of three members who also served on the board of the national conference on citizenship. In november of 2015 those members resigned from the board of directors, the articles of incorporation and by-laws were amended and re-stated, and members from be the change inc. And the aspen institute ascended as directors. Service year exchange is a joint venture between be the change inc. And the aspen institute. It was created through a merger of three organizations, which was effective on january 1, 2016. The organizations involved were: the franklin project, a policy program of the aspen institute; servicenation, a campaign of be the change inc.; and the service year exchange, which was incubated by the national conference on citizenship. The national conference on citizenship decided not to play an active role in the organization after december 31, 2015. On or before december 31, 2015 all assets and liabilities relating to the service year exchange program were transferred to service year exchange, inc. Assets and liabilities from the franklin project and service nation were transferred into service year exchange, inc. In february of 2016 after the execution of an affiliation agreement between service year exchange inc., be the change inc., and the aspen institute.

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IRS990/MissionDesc0SERVICE YEAR ALLIANCE IS WORKING TO MAKE A YEAR OF PAID, FULL-TIME SERVICE -- A SERVICE YEAR -- A COMMON EXPECTATION AND OPPORTUNITY FOR ALL YOUNG AMERICANS. A SERVICE YEAR BEFORE, DURING, OR AFTER COLLEGE -- OR AS A WAY TO GET BACK ON TRACK -- GIVES YOUNG PEOPLE THE CHANCE TO TRANSFORM THEIR LIVES, MAKE AN IMPACT IN THEIR COMMUNITY, AND BECOME THE ACTIVE CITIZENS AND LEADERS OUR NATION NEEDS. EXPANDING SERVICE YEARS HAS THE POWER TO REVITALIZE CITIES, UPLIFT AND EDUCATE CHILDREN AT RISK, AND EMPOWER COMMUNITIES STRUGGLING WITH POVERTY. IT CAN UNITE THE MOST DIVERSE NATION IN HISTORY, BINDING PEOPLE OF DIFFERENT BACKGROUNDS THROUGH COMMON CAUSE. SERVICE YEAR ALLIANCE IS ASKING NONPROFITS, HIGHER EDUCATION INSTITUTIONS, CITIES AND STATES, COMPANIES AND FOUNDATIONS, POLICYMAKERS OF BOTH PARTIES, AND PEOPLE OF ALL AGES TO JOIN THE MOVEMENT.
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ALAN KHAZEI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1ELIOTT GERSON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2ROBERT GORDON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0VICE CHAIRMAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1MEMBER
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SERVICE YEAR EXCHANGE WAS INCORPORATED IN AUGUST OF 2015. THE BOARD OF DIRECTORS WAS INITIALLY COMPRISED OF THREE MEMBERS WHO ALSO SERVED ON THE BOARD OF THE NATIONAL CONFERENCE ON CITIZENSHIP. IN NOVEMBER OF 2015 THOSE MEMBERS RESIGNED FROM THE BOARD OF DIRECTORS, THE ARTICLES OF INCORPORATION AND BY-LAWS WERE AMENDED AND RE-STATED, AND MEMBERS FROM BE THE CHANGE INC. AND THE ASPEN INSTITUTE ASCENDED AS DIRECTORS. SERVICE YEAR EXCHANGE IS A JOINT VENTURE BETWEEN BE THE CHANGE INC. AND THE ASPEN INSTITUTE. IT WAS CREATED THROUGH A MERGER OF THREE ORGANIZATIONS, WHICH WAS EFFECTIVE ON JANUARY 1, 2016. THE ORGANIZATIONS INVOLVED WERE: THE FRANKLIN PROJECT, A POLICY PROGRAM OF THE ASPEN INSTITUTE; SERVICENATION, A CAMPAIGN OF BE THE CHANGE INC.; AND THE SERVICE YEAR EXCHANGE, WHICH WAS INCUBATED BY THE NATIONAL CONFERENCE ON CITIZENSHIP. THE NATIONAL CONFERENCE ON CITIZENSHIP DECIDED NOT TO PLAY AN ACTIVE ROLE IN THE ORGANIZATION AFTER DECEMBER 31, 2015. ON OR BEFORE DECEMBER 31, 2015 ALL ASSETS AND LIABILITIES RELATING TO THE SERVICE YEAR EXCHANGE PROGRAM WERE TRANSFERRED TO SERVICE YEAR EXCHANGE, INC. ASSETS AND LIABILITIES FROM THE FRANKLIN PROJECT AND SERVICE NATION WERE TRANSFERRED INTO SERVICE YEAR EXCHANGE, INC. IN FEBRUARY OF 2016 AFTER THE EXECUTION OF AN AFFILIATION AGREEMENT BETWEEN SERVICE YEAR EXCHANGE INC., BE THE CHANGE INC., AND THE ASPEN INSTITUTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALAN KHAZEI AND ROBERT GORDON HAVE A BUSINESS RELATIONSHIP: ALAN KHAZEI IS THE FOUNDER AND CEO OF BE THE CHANGE INC AND ROBERT GORDON IS THE PRESIDENT OF BE THE CHANGE INC. ELIOTT GERSON AND NAMITA KHASAT HAVE A BUSINESS RELATIONSHIP: ELIOTT GERSON IS THE EXECUTIVE VICE PRESIDENT OF POLICY AND PUBLIC PROGRAMS, INTERNATIONAL PROGRAMS AT THE ASPEN INSTITUTE AND NAMITA KHASAT IS THE EXECUTIVE VICE PRESIDENT: FINANCE AND ADMINISTRATION, AT THE ASPEN INSTITUTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES AT THIS TIME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 WAS PREPARED BY OUTSIDE ACCOUNTANTS AND WAS REVIEWED BY MANAGEMENT AND THE FINANCE COMMITTEE OF THE BOARD. IT WAS THEN SHARED WITH THE FULL BOARD OF DIRECTORS BEFORE IT WAS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EACH YEAR EACH DIRECTOR AND OFFICER FILES A STATEMENT WITH THE BOARD OF DIRECTORS THAT LISTS: (A) ANY OUTSIDE EMPLOYMENT OR CONSULTING WORK THAT COULD CONSTITUTE A CONFLICT; AND (B) ANY BOARD MEMBERSHIP OR AFFILIATION WITH OTHER ORGANIZATIONS THAT COULD CONSTITUTE A CONFLICT. EACH DIRECTOR AND OFFICER MUST ALSO LIST HIS OR HER INVESTMENTS IN ANY CORPORATION, PARTNERSHIP, TRUST, OR FUND IN WHICH HE OR SHE, TOGETHER WITH MEMBERS OF HIS OR HER FAMILY, HAS DIRECTLY OR INDIRECTLY A GREATER THAN 35% OWNERSHIP INTEREST, REGARDLESS OF WHETHER THE INVESTMENTS COULD CONSTITUTE A CONFLICT. ALL MATERIAL FACTS CONCERNING ANY SITUATION THAT MIGHT BE VIEWED AS A CONFLICT SHOULD BE DISCLOSED TO THE BOARD OF DIRECTORS BY THE DIRECTOR OR OFFICER CONCERNED. WHERE DOUBT EXISTS REGARDING WHETHER A CONFLICT EXISTS OR APPEARS TO EXIST, THE MATTER MUST BE RESOLVED BY THE BOARD OF DIRECTORS. NO DIRECTOR OR OFFICER MAY BE PRESENT FOR A VOTE BY THE BOARD OF DIRECTORS ON ANY DECISION OR ACTION BY THE CORPORATION WHICH WOULD DIRECTLY OR INDIRECTLY BENEFIT DIRECTORS OR OFFICERS. THE DIRECTOR OR OFFICER MAY, HOWEVER, ANSWER QUESTIONS OR RESPOND TO REQUESTS, AT A MEETING OR OTHERWISE, FOR FACTUAL INFORMATION NEEDED FOR THE BOARD TO MAKE AN INFORMED DECISION. THE BOARD OF DIRECTORS DOES NOT APPROVE ANY TRANSACTION TO WHICH THE CORPORATION WOULD BE A PARTY AND IN WHICH A DIRECTOR OR OFFICER OF THE CORPORATION HAS A MATERIAL FINANCIAL INTEREST UNLESS AND UNTIL THE BOARD OF DIRECTORS HAS SPECIFICALLY AND IN GOOD FAITH DETERMINED AFTER REASONABLE INVESTIGATION (INCLUDING A REVIEW OF THE TERMS UPON WHICH OTHER COMPARABLE ORGANIZATIONS ENTER TRANSACTIONS OR ARRANGEMENTS SIMILAR TO THE ONE UNDER CONSIDERATION) THAT: A. THE BOARD IS AWARE OF ALL MATERIAL FACTS CONCERNING THE TRANSACTION AND THE DIRECTOR OR OFFICER'S INTEREST IN THE TRANSACTION; B. THE CORPORATION IS ENTERING INTO THE TRANSACTION FOR ITS OWN BENEFIT; C. THE TRANSACTION IS FAIR AND REASONABLE AS TO THE CORPORATION; AND D. THE CORPORATION COULD NOT HAVE OBTAINED A MORE ADVANTAGEOUS ARRANGEMENT WITH REASONABLE EFFORT UNDER THE CIRCUMSTANCES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION DID NOT HAVE A CEO OR EXECUTIVE DIRECTOR IN 2015. THEREFORE, THE DAY TO DAY ACTIVITIES OF THE ORGANIZATION WERE RUN BY A NON-COMPENSATED BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART I, GENERAL INFORMATION:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0BE THE CHANGE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1THE ASPEN INSTITUTE
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1CO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0MANAGES ISSUE-BASED CAMPAIGNS DRIVEN BY BROAD CROSS-SECTOR COALITIONS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1PROVIDES NEUTRAL VENUES FOR DISCUSSING & ACTING ON CRITICAL ISSUES
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0200 CLARENDON STREET 44TH FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt11 DUPONT CIR NW 700
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IRS990/USAddress/AddressLine1Txt01100 17TH STREET NW NO 1200
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